IAAC Continues To Tumble
Posted by Blain Reinkensmeyer
December 26, 2006 at 11:49 am
Shares of International Assets Holding Corp (IAAC) have struggled again today, and currently are trading near intra-day lows of $27. The stock is down nearly 8.5% today on volume of almost 700,000, and as seen by the chart below has had a rough last two weeks. But, with bigtime selloffs comes solid money making opportunities, and if you can catch this falling knife correctly, you could make a quick 5-10% this week off of IAAC. If I HAD to guess, I’d say $26ish is a good buypoint, but like any trade of this type, you are playing with a very sharp knife, so be careful!
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